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4/2007
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Somewhat confusing data?
April –
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House Prices Slide as Property Glut Grows;
Buyers Gain Bargaining Power In Busy Spring Selling
Season
4/25/2007
“Tighter credit and a growing glut of properties are
depressing an already weak U.S. housing market, wrecking
the industry's hopes for an early rebound.
That leaves buyers in a strong position to negotiate for
bargains during the spring home-shopping season, the
busiest time of the year for housing sales.”
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A Closer Look Regionally
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A Closer Look Regionally
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A Closer Look Regionally
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A Closer Look Regionally
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Foreclosure continues to be a
serious concern for many U.S.
4/23/2007 home owners.
Indeed, according to a recent survey from
Yahoo Real Estate and Harris Interactive,
22 percent of home owners are at least
somewhat concerned about the
possibility of foreclosure due to their
inability to meet monthly mortgage
payments.
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More than 430,000 U.S. foreclosure filings were
reported in the first three months of 2007.
l os e d
Forec
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States with the most foreclosures
State
5/1/2007 1. California
2. Florida
3. Texas
4. Michigan
5. Ohio
6. Georgia
7. Illinois
8. Colorado
9. New Jersey
10. New York
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The Center for Responsible Lending estimates that
2.2 million American households have lost or will lose
5/15/2007 their homes as monthly payments rise on high-risk
mortgages in the next few years.
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Housing Still a Drag on Economy
Through 2007
5/21/2007
A survey of 48 economists conducted by
the National Association for Business
Economics also concluded that housing
market troubles will last through the end
of the year.
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Stocks vs. real estate
A new study by Jack Clark Francis, a finance and
economics professor at Baruch College in New York
4/20/2007 City, and Yale's Roger G. Ibbotson compared the
annual returns of real estate from 1978 to 2004
compared with those of stocks.
The results?
Investment Return
Housing 8.6%
Commercial Property 9.5%
The S&P 13.4%
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5/2007
http://www.realtor.org/research.nsf/pa
ges/presentations_use
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The supply of houses and
condominiums available for
sale continues to grow
5/15/2007 quickly in much of the U.S.,
reflecting weak sales. The
number of homes listed for
sale at the end of April was
up seven percent from
March, according to data
compiled by ZipRealty Inc.
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The increase was above the seasonal norm. Over the past 22
years, home inventories nationwide have increased an
5/15/2007 average of 4.5 percent in April from March, according to
Credit Suisse Group. Spring is the busiest time of year for
home shopping, as families with children try to get settled
ahead of the next school year.
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Most Overpriced Markets
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5/8/2007
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4/25/2007
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Falling...
Nassau/Suffolk, New York
May 2007
12-month forecast: - 6%
Median home price: $483,000
Five year price change: 76.3%
Worst one-year decline: 6.6%
Year of worst decline: '88-'89
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Area Average SP % Depreciation
http://money.cnn.com/
2007/04/09/real_estate/
forecast.moneymag/index.htm
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How do we differentiate ourselves?
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